FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR- 08536
1.13ratio
FMR$2,180
Market$1,930
vs market+$250
FMR is above market; underwrite to market rent.
1.13
2 BR
2 BR- 08536
1.09ratio
FMR$2,720
Market$2,500
vs market+$220
FMR is near market; voucher and private rents are aligned.
1.09
3 BR
3 BR- 08536
0.89ratio
FMR$3,240
Market$3,660
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR- 08536
0.79ratio
FMR$3,640
Market$4,590
vs market-$950
FMR is below market; voucher rent may lag private rents.
0.79
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Plainsboro, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Plainsboro, NJ is $2,720 a month. That is up 6.3% from $2,560 in FY 2026. Plainsboro is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,623. The median county two-bedroom FMR in New Jersey is $2,233, so Plainsboro is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Plainsboro, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,860
$2,030
+9.1%
$1,827–$2,233
1BR
$2,040
$2,180
+6.9%
$1,962–$2,398
2BR
$2,560
$2,720
+6.3%
$2,448–$2,992
3BR
$3,070
$3,240
+5.5%
$2,916–$3,564
4BR
$3,390
$3,640
+7.4%
$3,276–$4,004
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Plainsboro, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,030
$2,180
$2,720
$3,240
$3,640
FY 2026
$1,860
$2,040
$2,560
$3,070
$3,390
FY 2025
$1,610
$1,810
$2,270
$2,740
$3,010
FY 2024
$1,770
$1,980
$2,500
$3,030
$3,330
FY 2023
$1,520
$1,720
$2,180
$2,650
$2,930
Questions about Plainsboro, NJ rents
How much will Section 8 pay for a two-bedroom in Plainsboro, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,623, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,361 to $2,885 a month; under the ZIP-level Small Area FMR of $2,720 it would be $2,448 to $2,992. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Plainsboro, NJ in?
Plainsboro, NJ is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,623.
How much did fair market rent change in Plainsboro, NJ for FY 2027?
The two-bedroom FMR rose 6.3%, from $2,560 in FY 2026 to $2,720 in FY 2027. Since FY 2023 it has risen 24.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set